Top Analyst Says Under-the-Radar Memecoin Ready for the Next Leg Higher, Updates Outlook on Solana Rival Sui

A widely followed cryptocurrency analyst and trader is highlighting one memecoin that he believes possesses more upside potential while offering his insights on layer-1 altcoin Sui ( SUI ).

The analyst pseudonymously known as Bluntz tells his 278,500 followers on the social media platform X that the feline-inspired memecoin, Simon’s Cat ( CAT ), “looks finally ready for the next leg higher.”

According to the analyst who regularly applies the Elliott Wave theory in his technical analysis, CAT has completed a three-wave correction to the downside in the four-hour time frame and has enjoyed a “few days of accumulation.” The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern. Based on the pseudonymous analyst’s chart, it appears that he’s suggesting that CAT could rise above the all-time high price of around $0.0000462.

“One of the most successful memecoin launches in my opinion. Unlike most, it never really had any kind of large dip, from day one it has been uptrending.”

Source: Bluntz/X

Simon’s Cat is trading at $0.0000285 at time of writing.

Next up is the Solana ( SOL ) rival Sui. According to the pseudonymous analyst, Sui is demonstrating strength with its resilience.

While doubling down on a forecast he made last month that Sui would “surprise a few people” over the subsequent weeks and months, Bluntz says that Sui is an “absolute beast.”

“Sui is basically the first to recover yesterday’s down move.”

Source: Bluntz/X

Sui is trading at $1.88 at time of writing, up by nearly 140% over the past 30 days.

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